The Investment Objective of the Fund is to provide an above average level of monthly income along with some modest potential for capital growth.The Fund will achieve its Investment Objective by investing primarily in UK fixed interest securities and UK equities. The Fund may also hold international fixed interest investments, international equities, and cash deposits. The investment in equities will never exceed 30%. In addition the Fund may also invest in derivative instruments (including forward transactions) in order to achieve its investment objective. The Fund may increase the level of income in relation to the equity portion only by selling call options. The writing of such call options will increase the income but reduce the capital growth potentialNo more than 10% of the Fund’s assets can be invested in aggregate in units of other UCITS (as defined in the FCA Handbook) or other collective investment undertakings.

?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.

0.84%

Fund size

£21m (£15m last year)

FE Risk score

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

-

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

-

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

-

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

-

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

-

Price movement

52 week high165.4

52 week low149.6

Current bid price-

Current offer price-

Current mid price155.9

Region

1

UK

64.37%

2

Not Specified

8.42%

3

Money Market

7.84%

4

USA

7.59%

5

Luxembourg

2.67%

6

France

2.46%

7

Netherlands

2.33%

8

Germany

1.53%

9

Norway

1.17%

Industry sector

1

Fixed Interest

67.24%

2

Others

8.42%

3

Money Market

7.84%

4

Financials

4.3%

5

Consumer Staples

2.33%

6

Consumer Discretionary

2.18%

7

Energy

1.54%

8

Materials

1.51%

9

Information Technology

1.33%

Asset type

1

Global Corporate Fixed Interest

45%

2

UK Gilts

23%

3

UK Equities

15%

4

Money Market

7%

5

Hedge

5%

6

Global High Yield Fixed Interest

3%

7

European Equities

2%

Individual holdings

1

MUZINICH SHORT DURATION HIGH YIELD HEDGED R INC GBP

2.95%

2

HENDERSON UK ABSOLUTE RETURN A ACC

1.91%

3

TREASURY 4.25% GILT 7/12/2027

1.6%

4

BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP50000

1.38%

5

OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN A HEDGED ACC GBP

1.33%

6

AMUNDI ABSOLUTE VOLATILITY EURO EQUITIES IHG DIS GBP

1.3%

7

TREASURY 1.75% GILT 22/07/19 GBP0.01

1.23%

8

TREASURY 4.25% GILT 07/06/2032 GBP0.01

1.08%

9

BRITISH AMERICAN TOBACCO

1.03%

Management

Fund manager group

Santander Asset Mgmt UK

Fund manager company

Santander Asset Mgmt UK Ltd

Fund type

OEIC

Fund objective

The Investment Objective of the Fund is to provide an above average level of monthly income along with some modest potential for capital growth.The Fund will achieve its Investment Objective by investing primarily in UK fixed interest securities and UK equities. The Fund may also hold international fixed interest investments, international equities, and cash deposits. The investment in equities will never exceed 30%. In addition the Fund may also invest in derivative instruments (including forward transactions) in order to achieve its investment objective. The Fund may increase the level of income in relation to the equity portion only by selling call options. The writing of such call options will increase the income but reduce the capital growth potentialNo more than 10% of the Fund’s assets can be invested in aggregate in units of other UCITS (as defined in the FCA Handbook) or other collective investment undertakings.

Benchmark

No Specified Index

Investment style

Cautious

Investment method

None

Fund managers

Name

Since

Biography

Graham Ashby

01/05/2016

Graham Ashby, Manager of the Santander UK Growth, N&P UK Growth Funds and Santander Premium UK Equity Fund, has 24 years’ experience of equity fund investments and held several fund manager roles over this time. Prior to joining Santander Asset Management UK, Graham was Head of UK Equities at Ignis Asset Management. He is a bottom-up stock picker who invests across the market capitalisation spectrum, principally in companies with a proven track record of creating value for shareholders. He adopts a disciplined approach to portfolio construction with the aim of taking an appropriate level of risk to achieve outperformance targets. Prior to his role at Ignis, Graham held senior equity positions at LV=Asset Management and Credit Suisse Asset Management.

Azim Meghji

03/11/2014

Mohamed Azim Meghji, Head of Fixed Income at Santander Asset Management UK, has 17 years’ experience in fund management. He joined Santander Asset Management UK in October 2011. Prior to joining, Azim worked at HSBC Global Asset Management where he had overall responsibility for all credit investment funds in London – this included Sterling, US and Global credit products for both retail and institutional clients. During his time at HSBC, Azim was also a member of various committees including the Global Strategic and Credit Committees as well as being the chair of the Global Credit Asset Allocation Committee. Prior to this, Azim was a Credit Research Analyst both in London and New York. He began his career with Deutsche Bank in 2000 as an analyst having just graduated with a First Class honours degree in Economics. He holds the IMC and SFA qualification and is also a CFA Charterholder.

Toby Vaughan

03/11/2014

Toby joined Santander Asset Management in January 2011 and is head of Fund Management within the Global Multi Asset Solutions. Before joining Santander AM, Toby worked at LV=Asset Management as a senior multi-asset portfolio manager and previously at F&C Asset Management as a Director of Asset Allocation. Toby has 15 years’ experience in fund management and focusing on managing multi-asset portfolios. He holds a BA (Hons) in Economics & Management Studies and is a CFA charterholder.

Tom Caddick

03/11/2014

Tom Caddick, Head of Global Multi Asset Solutions, joined Santander Asset Management in early 2011 and has overall department responsibility, heading a team of over 26 investment professionals across four locations with in excess of &#8364;21 billion asset under management and the same again under advice. Tom has over 18 years’ fund management experience and was previously Head of Multi Manager and Fund Selection at LV=Asset Management. Before joining LV, Tom was a Fund Manager at F&C Asset Management. Tom holds a BA (Hons) degree in Accounting and Finance.

David Scammell

03/11/2014

David Scammell, Senior Sovereign Bond Fund Manager at Santander Asset Management, has more than 20 years’ experience in fund management, specifically running euro, sterling and dollar government bond portfolios and strategies. He has previously worked at a number of major independent asset management companies, such as Schroders and Foreign & Colonial, and leading European central banks, including the Bank of England and the Bank for International Settlements. In his current role, David plays a principle part in the decision making process for euro and sterling interest rate and country investments. He is also the lead manager of the Santander Asset Management Government Bond Fund and the Santander Asset Management Investment Income Portfolio.

Compliance

IA Recognised, Non UCITS Retail Scheme

Domicile

No data available.

Fund for sale in

United Kingdom

Santander Max 30% Shares Income Portfolio RI

Initial charge7%

Annual charge0.65%

Min single investment£500

Min regular saving£2

Available in ISAYes

Ongoing charge (OCF)0.84%

Total expense ratio (TER)-

Bid price-

Offer price-

Mid price155.9

CurrencyGBX

Price updated08/12/2016

TypeIncome

Institutional or retail classRetail

Domicile-

Citi codeKZ9C

Santander Max 30% Shares Income Portfolio SI

Initial charge7%

Annual charge0.6%

Min single investment£10,000,000

Min regular saving£2

Available in ISAYes

Ongoing charge (OCF)0.79%

Total expense ratio (TER)-

Bid price-

Offer price-

Mid price149.6

CurrencyGBX

Price updated08/12/2016

TypeIncome

Institutional or retail classRetail

Domicile-

Citi codeM3TZ

Santander Max 30% Shares Income Portfolio XI

Initial charge7%

Annual charge0.65%

Min single investment£500

Min regular saving£2

Available in ISAYes

Ongoing charge (OCF)0.84%

Total expense ratio (TER)-

Bid price-

Offer price-

Mid price155.9

CurrencyGBX

Price updated08/12/2016

TypeIncome

Institutional or retail classRetail

Domicile-

Citi codeKZ9D

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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